Cash Reconciliation Analyst

Fairstone Bank•Montreal, QC

1d•Hybrid

About The Position

Fairstone Bank is seeking a Cash Reconciliation Analyst to be responsible for all aspects of the cash reconciliation process, including Sub-Ledger to General Ledger (‘GL’) to Bank reconciliations. This role involves resolving open items, preparing balance sheet reconciliations, and generating journal entries as needed. The analyst will prepare monthly reconciliation packages, analyze and resolve aged open items, and review the performance of the OneStream auto-match tool, suggesting improvements to auto-match rules. The position requires cross-functional liaison with internal and external parties for issue resolution, preparation of journal entries for review, and assisting in the documentation of financial processes. Daily activities include managing Positive Pay/Daily Pay Reject for cheque validations. Additional duties may be assigned.

Requirements

College diploma in Accountancy (DEP) or Attestation of Collegial Studies (AEC)
1-2 years of demonstrated reconciliation experience
Mandatory good working knowledge of accounting practices
Good knowledge of computer software such as MS Office (more specifically Excel)
Ability to handle considerable volume under tight deadlines
Effective time management skills and ability to multi task.
Analytical with a high degree of attention to details.
Teamwork and tactfulness.
Ability to develop positive relationships with peers.

Nice To Haves

Familiarity with reconciliation tool (OneStream experience, considered an asset)

Responsibilities

Responsible for all aspects of the cash reconciliation process including the Sub-Ledger to General Ledger (‘GL’) to Bank and the resolution of open items including producing balance sheet reconciliations and journal entries, as required.
Prepare the monthly reconciliation packages showing the GL Balance, Bank Balance and the Open Items.
Work on the Cash Reconciliations (Sub-Ledger to General Ledger to Bank).
Analyze the open items and their ageing with a view to resolving those.
Review results of OneStream auto-match, the current reconciliations tool, and perform manual matching thereafter.
Ensure that the auto matching is being performed at a high rate and suggest improvements to the auto match rules configured within the tool.
Liaison cross-functionally with internal and external parties regarding the resolution of the open items.
Prepare journal entries for review.
Assist in documentation related to financial processes/procedures around the cash reconciliation.
Perform daily activities like Positive Pay/Daily Pay Reject regarding the cheques which are fine to be paid by the bank after doing the required validations.
Additional duties, as assigned.